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Greka Drilling drilled 26 wells in first half 2013


Published Jul 22, 2013
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Greka Drilling Ltd.

Greka Drilling Limited is pleased to provide an operations update to 30 June 2013.

• Five counterparties: Green Dragon Gas, CNPC Huabei Anze, CNPC Huabei Jincheng , Sinopec CBM (BOFA) and Sinopec Unconventional Oil (Petroking)

• 26 wells drilled in first half 2013

• 36,347 metres drilled, compared to 57,997 metres drilled in the same period 2012; the experience gained in the area allowed the Company to drill LiFaBriC wells with fewer branches

• Vertical wells averaging 25 drilling days versus 37 days in the same period in 2012

• Horizontal wells averaging 87 drilling days (radius bend and lateral section)

• Directional wells averaging 20 days; deepest well 1,076m Measured Depth (“MD”)

• Exploration drilling (LiFaBriC) wells at 61 days improving on previous Company guidance of 90 days. This references the Exploration drilling for Green Dragon Gas

Tags: Greka Drilling Ltd.



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